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20120925
20121003
STATION
WHUT (Howard University Television) 13
LANGUAGE
English 13
Search Results 0 to 12 of about 13 (some duplicates have been removed)
WHUT
Sep 28, 2012 7:30am EDT
freezes. the aim is to reduce the fiscal deficit by $39 billion. this will be achieved through an increase in the value-added tax rate introduced early this month. and a new tax on lottery winners. with the new budget the government aims to cut the deficit to 4.5% of the gross domestic product in 2013. it aims to lower the rate to less than 3% in 2014 to fulfill its pledge to the european union. but observers say the government may face difficulties to achieve its reduction target this year. they cite sluggish growth in tax revenue due to deteriorating economy that is worse than many analysts had expected. >>> the world's auto makers unveiled their next generation eco-friendly concept cars at the paris motor show. the exhibition opened to the media on thursday, over 270 companies are taking part this year. germany's porsche and bmw debuted concept cars with eco friendly features. models include plug-in hybrids charged from household power out lets. nissan revealed the concept car, powered by fuel cells. the terra comes with a tablet device that serves as key and dashboard. toyota introduce
WHUT
Sep 29, 2012 7:00pm EDT
. >> we were expecting to have a deficit that was going to be about 7% of the economy and it turned out to be 9%. we did not have the time to react. so weak in our political manifesto, the main aim was that we were going to give spain what it needed. there were not actual promises but as a general promised to try to manage the situation. the figures were worse but we were struggling. >> what would the opposition socialist to differently? spain has one of the biggest property bubbles followed by the collapse. >> we want comprehensive reform of the fiscal system. it has to be more progressive. we know in spain that corporations only pay 11% from their benefits. at the same time, there is a large number of citizens who do not pay taxes to income tax. they are liberal professions like people who put all their revenues inside society. we believe there has to be changes and we have to have a more comprehensive system that is able to control everybody. >> won the budget was announced, it was predictable. this economy has already seen 65 billion euros out of it this year. today was confirmed a
WHUT
Sep 26, 2012 11:00pm EDT
of savings, being moderate in consumption, for a government is not to run a deficit. for a country, virtue is to have your balance of payments, if anything, in surplus, not in deficit. now, the anglo-saxons are more accustomed to think in systemic terms what happens if each country is as virtuous as germany is? what happens to global demand then and so on and so forth? aren't these cultural aspect glz they are, indeed. >> but they determine everyday policy, if not politics. >> rose: when you look at th the-- has dealing with this crisis and having it on the front burner perhaps not led to, you know, the end of the euro zone, as some people feared, certainly the membership in part of the euro zone, but may very well have given some momentum to monetary and fiscal and even political union? >> definitely. definitely. the man who found-- founded the concept of the european union in the late 40s and 50s, john monet. >> rose: a frenchman. >> said that the integration of europe will grow through crisis. and he was very right. also in that respect. because you see, when we have a serious crisis li
WHUT
Sep 26, 2012 7:00am EDT
's pleading for two more years in which to cut the greek deficit. european leaders say it will really depend on whether greece quickens the pace of reform. we will know more within a matter of weeks when the greek international lenders publish their support, their assessment on how greece is doing. if it is a largely positive assessment, maybe he might get a little breathing room. maybe he might persuade angela merkel of germany and france want hollande -- francois hollande of france to give him some breathing room. greece could face immense political instability to add to its financial woes. >> thank you very much. austerity strikes under way in greece. the streets of the spanish capital madrid are calm after a night of violent protests. riot police fired rubber bullets at demonstrators who tried to march on the parliament building, angry at their governments' efforts in spending cuts. now this report from madrid. >> many in the crowd were young. this protest was organized by social media. -- via social media. it was more expensive than other recent demonstrations -- more tense. thousands g
WHUT
Sep 26, 2012 7:30am EDT
-- is only 34%. and the government fiscal deficit is only 1.1% of total gdp. which is just about 1/3 of averages. and i think this is why this credit rating agencies are so confident about the capacity of a korean economy to repay its sovereign debt. better debt ratings could make korean bonds look like a safe haven investment, encouraging in flow from overseas, and causing the yuan to appreciate. we asked how all this affects south korea's economy? we are expecting capital inflows and falling appreciation in the near future which may hurt some exporting farms in korea. but i don't think this is going to be a fatal blow to the korean economy. instead in the long term. i think it will be much easier for korean firms to finance their projects in the international market. and so, this -- credit rating upgrade is kind of benefit to korean economy rather than a concern. >> a small firm in tokyo has built an eco friendly car that runs on both hydrogen and gasoline. the minivehicle was remodeled from the regular gasoline powered car. equipped with hydrogen tank, fuel injector and control
WHUT
Sep 27, 2012 7:00am EDT
to help spain again. what is the spanish government trying to do? it has to reduce its budget deficits. it needs to make savings this year of 62 billion euros and 40 billion euros in 2013. but fear is that a deteriorating recession makes hitting those targets ever harder. >> you need the revenue to pay your debts. but then, of course consumption goes down so you don't have money to pay your debts. there is no growth. spain is in recession. next year it will stay in a recession. so, yes, it is a vicious circle. really impossible to solve this conundrum. >> all the pressure from the eurozone partners, there is anger by those -- from those affected by cuts. health workers demonstrate every day near the country's biggest hospitals. government projects will again be slashed to day as people here struggle and a deepening recession. >> the demonstrations are daily here and there are likely to increase in size and number. but what we are seeing from these reforms -- slashing public spending -- is really spain doing its part of the bargain and head of a possible second bailout. the government s
WHUT
Sep 28, 2012 7:00am EDT
them to be able to reduce the deficit level down to 3% of g.d.p. from 4.5% which is where it is at the moment. the feeling at the moment is it probably won't. let's shift attention over to spain where we had the budget yesterday. generally speaking people were very favorable about the budget, but -- us asterity measures were those ones this would be conditions for a bailout. so a bailout was coming along and so therefore that's what happening. however, the next thing in line, probably after the market's closed, got to be the stress test on the banks. nobody really knows how deeply in debt banks are. how much bad debt they've got out there. could be anything, 150 billion euros there talking about an enormous. >> talking to banks, i'm thinking of the trouble that banks are getting themselves into over this liable scandal. >> yes. will, libel, of course the race at which the banks lend to each other, and it was established by the british banks and them saying this is what we're lending out. they roughly average it together, come out with the libel rates. they're now changing
WHUT
Sep 30, 2012 7:00am EDT
with the economy? how are they going to solve the deficit problem and also increase job creation?" and i'd like to hear that explained clearly, because they have two very different philosophies. third, i think that if the debates do their job, we're going to be able to answer the question, "what are the sacrifices either one is going to ask us to make?" >> such as reforming social security, medicare, higher taxes, lower taxes? >> yes. and on the table are all sorts of things that many people value a great deal and we may not be able to afford anymore. so should we have deductibility for second home mortgages? should we have deductibility for high-cost homes? should we have health insurance coverage provided by employers continue to be deductible? if so, for whom, should it be for all? and should we raise the age of entitlement, if so, to what level?" when someone says that about social programs, i want to also hear the answer to the question, "what are you doing with military spending? and how do you justify the tradeoff? we've gotta get the revenue someplace. where are you willing to cut? and
Search Results 0 to 12 of about 13 (some duplicates have been removed)